PRF Stock Summary and Trading Ideas (Invesco FTSE Rafi US 1000 ETF | ARCA:PRF)

The Invesco FTSE RAFI US 1000 ETF (Fund) is based on the FTSE RAFI US 1000 Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of the largest US equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The 1,000 equities with the highest fundamental strength are weighted by their fundamental scores. The Fund and the Index are reconstituted annually.

Invesco FTSE Rafi US 1000 ETF trades on the ARCA stock market under the symbol PRF.

As of April 17, 2024, PRF stock price declined to $36.45 with 406,024 million shares trading.

PRF has a beta of 0.92, meaning it tends to be less sensitive to market movements. PRF has a correlation of 0.83 to the broad based SPY ETF.

PRF has a market cap of $6.75 billion. This is considered a Mid Cap stock.

In the last 3 years, PRF stock traded as high as $38.55 and as low as $27.56.

PRF has underperformed the market in the last year with a price return of +16.5% while the SPY ETF gained +22.5%. PRF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.8% and -4.4%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

PRF support price is $36.21 and resistance is $36.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRF stock will trade within this expected range on the day.